GMR Group-Megawide consortium emerges as preferred bidder for Clark Airport

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GMR Group in consortium with Megawide Construction Corporation has emerged as the preferred bidder for Clark International Airport EPC tender having submitted the most competitive financial bid.

Clark airport is being developed by Government of Philippines through a hybrid model with EPC and O&M tenders being issued separately.

The EPC project scope involves design, construction, testing and commissioning of new Terminal with a capacity of eight million passengers per annum.

The Consortium expects to receive the Notice of Award within one week.

This is the second airport project which GMR Group will be developing in Philippines along with Megawide Construction Corporation, with the consortium already operating the Mactan Cebu International airport, the second largest airport of Philippines which handles 10 million passengers annually.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.

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